nuOct 12, 2026, 06:26

Rabobank raises savings rate by 0.1 percentage point

Rabobank is raising its savings interest rates by 0.1 percentage points, with specific tiered rates applied to balances up to 5 million euros. This change follows a recent interest rate increase by the European Central Bank, and similar moves by other major Dutch banks are expected to follow.

Rabobank has announced an increase in its interest rates for savings accounts, raising them by 0.1 percentage points. Under the new structure, savings between 10,000 and 20,000 euros will earn 1.5 percent interest. Deposits ranging from 20,000 to 100,000 euros will receive 1.4 percent, while balances exceeding 100,000 euros will be subject to 1.3 percent interest. For those holding more than 5 million euros in savings, the bank will no longer pay out any interest at all.

This adjustment follows the recent decision by the European Central Bank to increase its main interest rate from 2.25 percent to 2.5 percent. Higher rates from the ECB typically allow commercial banks to offer more competitive returns to their clients. Market analysts now anticipate that other major Dutch financial institutions, such as ABN AMRO and ING, will likely follow suit with similar interest rate hikes for their own customers in the near future.

Economy Business Netherlands

Read original ↗

Based on reporting by nu. Translated and condensed by LocalHeadlines.

Promising cloud company becomes first customer to commit to AI gigafactory plan in Port of Rotterdam

The cloud company Nebius, based in Amsterdam, has signed on as the first client for a proposed AI gigafactory in Rotterdam. Although the project faces significant funding challenges and a lack of direct government subsidy, developers remain committed to building the facility to bolster Dutch computing power.

Outage on Albert Heijn, Etos and Gall & Gall websites and apps

Major Dutch retailers Albert Heijn, Etos, and Gall & Gall are facing widespread outages across their websites and mobile applications. The parent company, Ahold Delhaize, has not yet determined the cause of the disruption or an expected timeline for a resolution.

Energy agency urges countries to consider releasing extra diesel

The International Energy Agency has requested that member nations accelerate the release of strategic diesel reserves to address global supply shortages caused by regional conflicts and refinery damage. Director Fatih Birol emphasized that countries should prioritize diesel, particularly as global markets face instability ahead of upcoming political events.

Mijntje: I hope an employer looks beyond the years I didn't work for pay

Mijntje is a middle-aged woman seeking to re-enter the workforce after years of unpaid caregiving for her family. She is sharing her experience with Anne-Marije Buckens, a professional consultant who specializes in helping job seekers over the age of 50.

Experts doubt effectiveness of new freelance law: 'Much remains a grey area'

The Dutch government plans to implement the Self-Employed Persons Act by 2028 to clarify the distinction between independent contractors and employees. Experts remain skeptical, however, arguing that the proposed assessment tests for work relationships and entrepreneurial status contain persistent gray areas and may place excessive administrative burdens on freelancers.